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Ara lives in Kapan town with his pensioner mother. For many years, Ara has been involved in retail business. He owns a small truck by which he goes to different places and sells fruits and vegetables. He purchases stock of products from the local city market and resells in nearby towns. Ara is the only breadwinner for the family, and he works really hard to cover daily needs. By applying for this loan, Ara wants to purchase new stock of fruits and vegetables and increase his sales.

Ara has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. The loan is very important for Ara to be able to enlarge his retail business and ensure a better life for his mother.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.


About Armenia

  • $6,300
    Average annual income
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ara to pay for fruits and vegetables for reselling.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 29, 2013
Currency Exchange Loss:
Jun 17, 2014